Wales

Visteon workers agree pensions compensation deal with Ford

Former workers at the Visteon car parts factory in Swansea, whose pensions were slashed by up to 40 per cent when the company went into administration, have agreed a compensation deal with motoring giant Ford.

Former workers at the Visteon car parts factory in Swansea, whose pensions were hit when the company went into administration, have agreed a compensation deal with motoring giant Ford.

A long campaign by former Visteon workers to retrieve some of their pension pots has now come to an end.

In April, Ford - which used to run the plant at Swansea and several others in England - made a multi-million pound offer to workers, and the Unite union confirmed today that workers have accepted the offer.